MPETROLEUM Corporate Disclosure — 18 November 2013

(Qualified Opinion) `A. Qasem & Co' and 'Hoda Vasi Chowdhury & Co.', Auditors of the company, have given the following Qualified Opinion in the audit report of the company for the year ended on 30 June 2013: "i) As stated in note 3.1 the legal titles of the immovable properties acquired from erstwhile MPMCL and PPL have not yet been transferred in favour of the Company which may attract any future legal complicacy." "ii) The company has been showing Tk. 35,599,270 in stock (with corresponding provision of Tk. 26,444,174 for possible recoverability) being the net value of products as current price given on loan to other units of BPC which is outstanding since 2003 although the possibility of its recovery is very bleak (note - 6.3)."